By doing so, it saves the $2.5 million exemption to chase another veteran, which is believed to be swing man James Posey.

While the Knicks did come to terms with veteran forward Steve Novak late last night, they didn't use their exemption on him either and Alan Hahn reports the Knicks are still in the running for Posey's services.

Novak will help fill the loss of the departed Shawne Williams, but adding another veteran would also be a big thing.

Of course, none of that would be possible had the Knicks given their exemption to Davis.

At the end of the day, the 2011-12 Knicks will be the most talented and deepest Knicks team we have seen in quite some time.

There are many contributors to how this team was formed, and even Dolan did his part in a positive way for a change to help the Knicks chase a championship.